economics
posted by jim .
which product experience a larger change in price?

Incomplete
Respond to this Question
Similar Questions

Economics
Beachfront resorts have inelastic supply, and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products (that is, the quantity demanded at each price is twice what it was). a. What happens … 
managerial economics
Discuss the role of costs and demand in costplus pricing. Suppose that through experimentation you know that if you change price by $6, the number units of the product you sell changes by 24. The current price for your product is … 
economics
Beach front resorts have an inelastic supply and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products(that is the quantity demanded at each price is twice what it was) a, what happens … 
Help
Suppose the U.S is an importer of product X and that there are no trade restrictions. Let us assume that the U.S. consumers buy 1 million units of X each year, of which 400,000 are produced domestically and 600,000 are imported. a) … 
Managerial Economics
Q=5200  42P+20Px+5.21+0.20A+0.25M (2.002) (17.5) (6.2) (0.09) (0.21) R2 = 0.55 n=26 F=4.88 P = Price of Product = 500 Px = Price of leading competitor product=600 I = Price per capita = 5,500 A = monthly ependitures = 5000 a = Compute … 
Microeconomics (full version)
Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was). a. What … 
Economics
3. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is 3.0. a. Is the charging the optimal price for the product? 
economics
You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is 1.5, and the crossprice elasticity of demand between … 
Math
2.The price of products may increase due to inflation and decrease due to depreciation. Derek is studying the change in the price of two products, A and B, over time. The price f(x), in dollars, of product A after x years is represented … 
Algebra
The price of products may increase due to inflation and decrease due to depreciation. Derek is studying the change in the price of two products, A and B, over time. The price f(x), in dollars, of product A after x years is represented …